Dec 28, 2012 6:00am PST
with the list of best value cars. alison kosik at the new york stock exchange and ready to ride. good morning. >> good morning. >> which car came out on top this year? >> the top spot this year goes to, drum roll, please, drrrr -- there you go, the toyota prius. this is what "consumer reports" found. it divided the lils st of the b value cars by type of vehicle. the prius came out not just on top in the small hatchback category but also as the best value among all 2013 model year cars. to figure out these rankings, the magazine takes into account how much it costs to own one, how the car performs, how reliable it is and "consumer reports" estimates a prius costs 49 cents a mile to own and if you've got kids the camry hybrid, that topped the family sedan category. "consumer reports" says it's not just comfortable and roomy, it also gets 38 miles per gallon and looking for something sexier the lexus rx350 is the best value large or luxury suv and despite the fact it's a little lackluster in how it drives, it did, however, victor, do pretty well in the magazines performance tests. >> some good n
Dec 10, 2012 6:00am PST
the opening bell at the new york stock exchange. expect cautious investors today when wall street kicks off the trading for the week. fiscal cliff talks and a reserve meeting midweek could shift the markets, bri markets,. ringing the opening bell at the exchange, the financial services company blackrock. >>> hugo chavez returns to cuba to undergo another cancer operation. chavez left in the middle of the night just a day after telling his country the cancer was back. in is his fourth surgery since being diagnosed with cancer last year. >>> today former south african president nelson mandela is facing a day of medical tests in the hospital. the 94-year-old has suffered health problems in recent years. the nation's current president says mandela is doing well but offered no details on his condition. mandela is a nobel laureate who fought against racial segregation. >>> former republican presidential candidate newt gingrich isn't sounding too optimistic about his party's chances about winning back the white house in 2016, especially if it stays in its current form. in fact, gingrich thinks it'
Dec 7, 2012 11:00am PST
. and i want to read you something that paul krugman wrote in the new york times earlier this week. he said, long-term unemployment remains at levels not seen since the great depression. as of october, 4.9 million americans had been unemployed for more than six months. 3.6 million had been out of work for more than a year. fiscal cliff negotiations, they're really focused on fixing the debt. how can you fix the debt if you can't fix the economy? if you can't fix the jobs situation? >> oh, boy, this is the magic question this is why people like paulfreaking out and going, wait a minute, we go over the fiscal cliff, it is austerity, it is bad for job creation and that could be a problem. the bigger issue i think in the long-term unemployment problem is we never really dealt with it from the beginning of the jobs crisis. so 12 million people out of work, 40% of them, more than six months, that's insane. but we have not had a real program to get those long-term unemployed back to work. and, you know, frankly, i don't see anything happening in the future. as we look at that fiscal cliff, wh
Dec 11, 2012 6:00am PST
correspondent christine romans joins us now from new york, and it's a serious allegation here. >> it really is and the group hsbc, the uk's largest bank wants to put this behind it, trying to settle the serious allegations, $1.92 billion will be what they will pay the u.s. government, there will be a press conference later today, the justice department, the manhattan d.a. and others to put this to rest. banks operating in the u.s. have an obligation to know their customer and abide by u.s. laws and u.s. sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the whole matter behind this. "we accept responsibility for our past mistakes, we have said we're profoundly sorry for them. the hsbc of today is a fundamentally different organization from the one that made those mistakes.
Dec 7, 2012 8:00am PST
the speaker was saying. let's get straight total son kosik live at the new york stock exchange. >> raw numbers. what is the dow doing? >> we are not seeing the wind go in a strong direction towards the positive direction. you are seeing a mixed bag with stocks now. that's because, you know, despite the huge shocker of this report that was a surprise to the upside, investors see it is they are going to be cautious about this because the reality is you look at that jobs report and a lot of those jobs that were added were seasonal ones. retail, travel and leisure. guess what. the real question here is how many of those jobs are going to go away putting people back on -- on the unemployment line after the holidays are over. plus, you look at that drop in the unemployment rate. yeah, looks good for a headline. but -- 350,000 people dropped out of the work force and in november. so with fewer people looking for work that pushes the rate down. truly yeah, there are some bright spots in this report. it does show the economy is holding relatively stable. but -- we really need to wait a couple of months
Dec 9, 2012 1:00pm PST
calms of the "new york times" picked up on something that lawmaker tim cole said recently. >> the republicans should just declare victory and taking the 98% of the tax cuts that they agree on and work next year on tax reform and see if they can't get the top rate back down again. it's hard to think that that's not where they're going to end up so why not make it clean instead of ugly. >> i think it's true that many people are saying privatery what tom cole said publicly on the show. but they believe that the politically right thing to do right now is to cut that you are losses, let tax rates go up for the most wealthy and really try for significant tax reform so that 39.6% is going to be mute. >> so the good news is that negotiations do continue, there was a meeting today between president obama and house speaker john boehner. that happened at the white house today, we are frying to get more details, we're trying to get our white house chief correspondent jessica yellin on the phone and when she gets more details we'll bring it to you. >>> do you really know how much the e
Dec 13, 2012 9:00am PST
third year as globetrotter and joins us live from new york. what do you got? let me see your skills? >> how's everything? >> good. let me see that move? nice, sweet. i remember from back in the day. you were there for a couple weeks. how was your trip? tell us about it? >> it was great. we actually played ten games on our annual military tour and two games were in afghanistan, one was in bagram, then we played in kuwa kuwait, bahrain and uae. i'm glad i was there. >> you make it look easy. what does this mean for some of the men and women that you met over there? >> it means a lot, because you know, the globetrotters are not around our family as much because we're gone for 9 out of 12 months. we can relate to the troops in some way not being around our family for the holiday season. anytime we can go out there and take time out of our busy schedule to put a smile on their face, that's what it's all about. i'm happy to be part of it. >> that universe is a little different there. you have camouflage going on. >> yeah, i have one right here, actually. you know, i'm hope i was able to w